Okeanis Eco Tankers (NYSE:ECO) Issues Earnings Results, Beats Estimates By $0.19 EPS

Okeanis Eco Tankers (NYSE:ECO) released its quarterly earnings results on Wednesday. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19, Zacks reports. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%.

Okeanis Eco Tankers Stock Down 1.6 %

ECO traded down $0.39 during trading on Wednesday, hitting $24.07. 141,497 shares of the company’s stock were exchanged, compared to its average volume of 223,178. The stock has a market cap of $774.78 million and a P/E ratio of 6.63. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 1.48. Okeanis Eco Tankers has a fifty-two week low of $18.79 and a fifty-two week high of $36.69. The business’s 50 day moving average is $22.59 and its two-hundred day moving average is $26.71.

Analysts Set New Price Targets

Separately, B. Riley lowered their target price on Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.